ms. jenkins. ms. jenkins: i ask unanimous consent that all members may have five legislative days to revise and extend their remarks on h.r. 529, to amend the internal revenue code of 1986 to improve 529 plans. the speaker pro tempore: without objection, so ordered. ms. jenkins: mr. speaker i yield myself such time as i may consume. the speaker pro tempore: the gentlelady from kansas is recognized for as much time as she wishes to consume. ms. jenkins: thank you, mr. speaker. i would like to thank chairman ryan for his leadership on this critical and timely issue and my colleague, congressman kind of wisconsin, for four years of bipartisan efforts to encourage families to invest for their children's future. i rise today in support of h.r. 529, my legislation that reaffirms congress' commitment to not only preserving but strengthening expanding, and modernizing 529 college savings plans. currently there are nearly 12 million 529 accounts opened in all 50 states, considering there were only one million a

ms. jenkins: i rise in opposition to the motion to reexit. this motion would do the exact opposite what this legislation is trying to accomplish. this bill is attempting to simplify 529's that this motion would add unneeded complexity and would burden all saving families, states and plan administrators with more red tape. as a former state treasurer of kansas i believe i can offer unique insight from my experiences with 529 plan administration. this simply adds undue administrative burden and increases the costs which would leave less money for students to spend on their higher education costs and seems to mandate increased rates of return, which congress should not be in the business of setting the risk of a personal investment. it increases administrative expenses and goes the opposite direction of the underlying bill. i urge my colleagues to defeat this motion to recommit. the speaker pro tempore: without objection. previous question is ordered on the motion to recommit. the question is on the motion. those in favor say aye. those opposed,